First Majestic Silver (AG) stock surged 5.08% during intraday trading on Friday, marking a significant upward movement for the silver mining company.
The price increase follows a positive analyst outlook from H.C. Wainwright, which raised its price target on First Majestic to $30 from $24.50 and maintained a Buy rating on the shares after the company's 2025 results. This upgraded assessment contributed to bullish sentiment around the stock.
Additionally, broader macroeconomic conditions supported precious metals stocks. Recent data showed U.S. economic growth slowed more than expected in the fourth quarter, while inflation measures rose above economists' estimates in December. Such economic indicators typically boost demand for safe-haven assets like silver, benefiting companies in the sector including First Majestic Silver.